United States Antimony (NYSE:UAMY) Shares Gap Up Following Insider Buying Activity

Key Points

• United States Antimony Co. shares experienced a gap up on Wednesday, rising from a previous close of $6.20 to open at $6.75, following noted insider buying by CEO Gary C. Evans.
• Insider transactions revealed that CEO Gary C. Evans purchased 100,000 shares at an average price of $6.13, increasing his total ownership to 2,378,818 shares, valued at approximately $14.58 million.
• Several analysts have upgraded their ratings for UAMY, with HC Wainwright raising the price target from $4.50 to $8.50, reflecting strong market interest and projected growth.

United States Antimony Co. (NYSE:UAMY - Get Free Report)'s share price gapped up before the market opened on Wednesday following insider buying activity. The stock had previously closed at $6.20, but opened at $6.75. United States Antimony shares last traded at $6.87, with a volume of 5,234,046 shares trading hands.

Specifically, CEO Gary C. Evans bought 100,000 shares of the company's stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average price of $6.13 per share, with a total value of $613,000.00. Following the completion of the transaction, the chief executive officer owned 2,378,818 shares of the company's stock, valued at $14,582,154.34. The trade was a 4.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UAMY. HC Wainwright upped their price target on shares of United States Antimony from $4.50 to $8.50 and gave the stock a "buy" rating in a research report on Friday, September 26th. D. Boral Capital reissued a "buy" rating and set a $5.00 target price on shares of United States Antimony in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $4.38.

United States Antimony Price Performance

The business has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $3.37. The company has a market capitalization of $904.31 million, a price-to-earnings ratio of -176.25 and a beta of 0.05. The company has a quick ratio of 5.84, a current ratio of 6.24 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of UAMY. Truist Financial Corp grew its stake in shares of United States Antimony by 14.1% during the 2nd quarter. Truist Financial Corp now owns 2,028,818 shares of the company's stock worth $4,423,000 after acquiring an additional 250,000 shares during the period. Geode Capital Management LLC grew its position in shares of United States Antimony by 144.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,955,494 shares of the company's stock worth $4,264,000 after buying an additional 1,156,021 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of United States Antimony by 8.7% in the 2nd quarter. Marshall Wace LLP now owns 598,817 shares of the company's stock valued at $1,305,000 after purchasing an additional 47,885 shares during the period. Soviero Asset Management LP lifted its stake in shares of United States Antimony by 180.2% in the 2nd quarter. Soviero Asset Management LP now owns 510,000 shares of the company's stock valued at $1,112,000 after purchasing an additional 328,000 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in United States Antimony by 272.0% during the second quarter. Russell Investments Group Ltd. now owns 457,784 shares of the company's stock valued at $998,000 after buying an additional 334,725 shares during the last quarter. Institutional investors own 9.49% of the company's stock.

About United States Antimony

United States Antimony Corporation produces and sells antimony, silver, gold, precious metals, and zeolite products in the United States, and Canada. It operates through Antimony, Zeolite, and Precious Metals segments. The company offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as well as color fastener in paints and as a phosphorescent agent in fluorescent light bulbs; antimony trisulfide used as a primer in ammunition; and antimony metal for use in bearings, storage batteries, and ordnance.

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